World's Largest Data Center Project On Verge Of Collapse After Blackstone Unexpectedly Pulls Out
7 Articles
7 Articles
Blackstone’s QTS Withdraws From Virginia Data Center Project, Threatening Collapse of World’s Largest Campus
Blackstone’s QTS Realty Trust has decided to withdraw from the Prince William Digital Gateway project in Virginia, according to sources familiar with the decision. The move follows the earlier exit of partner Compass Datacenters in May, leaving the project without a developer. QTS executives concluded in recent days that pursuing the project through court was […]
World’s Largest Data Center Campus on Verge of Collapse After Blackstone Unexpectedly Pulls Out
QTS’s proposed facility at 9400 Godwin Drive in Manassas This article originally appeared on ZeroHedge and was republished with permission. Guest post by Tyler Durden Up until now, when it comes to real estate, Blackstone was best known in recent years for dumping many of its trophy office properties – which in the aftermath of...
Blackstone’s QTS announced on Thursday that it had ended its planned Digital Gateway data center project in Virginia and withdrawn its related applications after years of planning and regulatory review. Reuters reports. Blackstone Group L.P. is a major financial group. Blackstone owns 20% of China National BlueStar, which in turn owns Elkem. The data center operator has faced years of local opposition and litigation over the project, despite it …
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